Filling income tax return for f.y. 2011-12
This query is : Resolved
12 September 2013
I m an individual and having business income. I m not able file IT return for FY 2011-12. My bussiness turnover is aroung 50 Lacs. Now i want to file return for FY 2011-12. My question how much interest or tax penalty is leviable and shall i able to file return for fy 2011-12.
12 September 2013
yes, you can file your return as belated,
with penalty of Rs. 5000/- u/s 271 F and on tax liability you have to pay interest u/s 234 a b & C whichever is applicable
with penalty of Rs. 5000/- u/s 271 F and on tax liability you have to pay interest u/s 234 a b & C whichever is applicable
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
